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Feb 24, 2010
02/10
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see how bernanke characterizes that. if that weren't enough drama this is bernanke's first testimony since winning confirmation by the senate in january. and there is still plenty of anger on the hill about the bailouts and debate about the fed's role in the new regulatory world which is still under discussion in washington. the mix of tightening talk, easy money walk, economic outlook, populist anger should make for a compelling couple hours not to mention, mark, the s&p auction rick mentioned, bond auction later in the day, toyota, and now bernanke. an interesting day, mark. >> thank you very much, steve liesman. >>> toll brothers reporting narrower than expected quarterly loss. shares higher in premarket. next, we will go inside those toll brothers numbers. >>> plus the bernanke testimony steve referred to. possibly new short selling rules for the market. new home sales. the president meeting with top business leaders. it's all on "squawk on the street" plus of course the toyota testimony. >> which brings us to our st
see how bernanke characterizes that. if that weren't enough drama this is bernanke's first testimony since winning confirmation by the senate in january. and there is still plenty of anger on the hill about the bailouts and debate about the fed's role in the new regulatory world which is still under discussion in washington. the mix of tightening talk, easy money walk, economic outlook, populist anger should make for a compelling couple hours not to mention, mark, the s&p auction rick...
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Feb 25, 2010
02/10
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CNBC
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bernanke will avoid mngzing the timing of a rate hike. he told a house panel on wednesday that rates will continue to remain low for an extended period. this is coming at the same time that president obama will square off with lawmakers today in a last ditch effort to salvage his health care reform plan. republicans and democrats will meet at the blair house for a nationally televised health care summit beginning at 10:00 a.m. leaders will discuss four major themes, controlling costs, insurance reforms, cutting the deficit and sxabding health care coverage. treasury secretary timothy geithner meeting with financial industry groups today at 11:00 a.m. new york time and this comes as it's said the obama administration is close to saving a reform bill. reports say geithner met with bankers on wednesday night to discuss the matter. >> toyota closed down 0.2% after staying in positive territory. overnight, the company's president apologized to u.s. congress and millions of toyota drivers over its recent safety issues. and speaking to employees
bernanke will avoid mngzing the timing of a rate hike. he told a house panel on wednesday that rates will continue to remain low for an extended period. this is coming at the same time that president obama will square off with lawmakers today in a last ditch effort to salvage his health care reform plan. republicans and democrats will meet at the blair house for a nationally televised health care summit beginning at 10:00 a.m. leaders will discuss four major themes, controlling costs, insurance...
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Feb 25, 2010
02/10
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>> i'm going to be talking about bernanke. . i think becky's selling it short saying it's a repeat performance. i like yours better. >> how am i selling this short? >> i don't i think it's a repeat in that it's the same thing. >> you think he's going to make news and say something different? >> it's a little different. he heads into day two of the testimony today. it's the sem any annual testimony to congress. he delivered a clear message on rates yesterday. they will stay low for several months. overlooked in that testimony yesterday, and sure to get more attention today, beck y was fed chairman's pitch to keep the fed as a major banking regulator. the senate is considering stripping those powers as part of a broader overhaul of the banking powers now in the state. >> the crisis has once again done straighted the federal reserve's ability to identify and address diverse and hard to predict threats to financial stability, depends critically on the information, expertise and powers that it has by virtue of being both a bank super
>> i'm going to be talking about bernanke. . i think becky's selling it short saying it's a repeat performance. i like yours better. >> how am i selling this short? >> i don't i think it's a repeat in that it's the same thing. >> you think he's going to make news and say something different? >> it's a little different. he heads into day two of the testimony today. it's the sem any annual testimony to congress. he delivered a clear message on rates yesterday. they...
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Feb 4, 2010
02/10
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WETA
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bernanke said that independence is key to keeping monetary policy focused on the long-term interests of the american people, and not political whims. >> susie: you've probably noticed that the prices you're paying at the pump are holding steady these days. but can we count on them to stay that way? well, that all depends on what happens to the price of oil. and, as suzanne pratt reports, forecasts for oil prices in 2010 are all over the map. >> reporter: at this gas station in midtown manhattan, gas prices are among the highest in the nation. whether they spike even higher, head lower, or stay in the same range this year depends on who you ask. j.p. morgan's lawrence eagles expects crude prices, which dictate gas prices, to climb higher. that's after averaging between $72 and $76 a barrel in the first half this year. >> moving higher in the second half, up to $88 by the end of the year and moving appreciably stronger in 2011. >> reporter: for eagles appreciably stronger means as high as $100 a barrel. his price predictions are based on a bullish outlook for t global economy. a health
bernanke said that independence is key to keeping monetary policy focused on the long-term interests of the american people, and not political whims. >> susie: you've probably noticed that the prices you're paying at the pump are holding steady these days. but can we count on them to stay that way? well, that all depends on what happens to the price of oil. and, as suzanne pratt reports, forecasts for oil prices in 2010 are all over the map. >> reporter: at this gas station in...
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Feb 25, 2010
02/10
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WMPT
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in general terms first, what exactly is chairman bernanke promising to look into? >> this has for the better part of the decade been the great big unknown, this world of derivatives which are largely unregulated secondary investment vehicles. they're almost train of thought. it's whatever an investment bank can come up with. we saw the derivative situation blow up with respect to a.i.g. where there was an oversight and now the concern not only here in the united states and in greece but in the rest of the world and in the capital markets is that the banks in parallel practice this with governments to help them duke the debts. >> brown: go back a few years to 2000, 2001. the first issue is whether and how these banks and financial institutions greece mask its true problems. how did they do that. >> greece in 2000, 2001, very much wants to become a euro member and to do that it has to be able to show its financial stability and a certain measure of austerity, it has to have, for example, a budget gap that is no more than whatever percentage limit was back then if it
in general terms first, what exactly is chairman bernanke promising to look into? >> this has for the better part of the decade been the great big unknown, this world of derivatives which are largely unregulated secondary investment vehicles. they're almost train of thought. it's whatever an investment bank can come up with. we saw the derivative situation blow up with respect to a.i.g. where there was an oversight and now the concern not only here in the united states and in greece but...
WHUT (Howard University Television)
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Feb 4, 2010
02/10
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WHUT
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where did you look back and say "that was the wrong call, by me, geithner, bernanke"? >> charlie i've thought about this a lot and i'm going to give you a number of mistakes i think i was involved in making. but the in 20/20 hindsight, the major decisions we made, i'm totally convinced, were the right calls and they were made in the face of unprecedented challenges with really imperfect tools without the authorities we needed in the middle of a very challenging political period with an election coming. and the reason i they is they worked and they prevented the collapse. so most of what is cited as mistakes were really things we had no control over. for instance, i would like to have seen the a.i.g. problem coming earlier. but there was no regulator that had responsibility for the whole institution and we just didn't have a clear line of sight and we didn't... we didn't have the information. i do not want to have lehman fail. i knew that would be a bad thing and we worked very hard to prevent it. but we didn't he the authorities to prevent the failure of he plan. ... l
where did you look back and say "that was the wrong call, by me, geithner, bernanke"? >> charlie i've thought about this a lot and i'm going to give you a number of mistakes i think i was involved in making. but the in 20/20 hindsight, the major decisions we made, i'm totally convinced, were the right calls and they were made in the face of unprecedented challenges with really imperfect tools without the authorities we needed in the middle of a very challenging political period...
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Feb 25, 2010
02/10
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CNBC
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bernanke's going to stay liquid, he's going to stay accomodated for a good long time and that's a mixed message. the fed's really not going to tighten, not going to make things difficult for us and then again the credit and the economy still needs a little bit support. we kind of grind out 2010, i think that we end up higher on the year but it's going to be a tough road down. >> so, do we end higher overall, you say? >> i think so in the u.s. >> substantially higher? >> i think high single digits will probably be a reasonable expectations. >> and what would be the way given the various factors in china importantly, what is the way to play that? is that a cyclical recovery or something else. >> i think part of it will be cyclical recovery. i think that you want to step into a very global modest story right now. i think that china will continue to grow significantly, i was there last week for nine days, and you cannot have words to describe the frenetic pace. >> what would you take in industrials now. >> i think so, kind of lean forward, into industrials, play that global growth story. i
bernanke's going to stay liquid, he's going to stay accomodated for a good long time and that's a mixed message. the fed's really not going to tighten, not going to make things difficult for us and then again the credit and the economy still needs a little bit support. we kind of grind out 2010, i think that we end up higher on the year but it's going to be a tough road down. >> so, do we end higher overall, you say? >> i think so in the u.s. >> substantially higher? >>...
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Feb 25, 2010
02/10
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chairman bernanke, i think chairman frank mentioned the deficit in passing and the debt. that is what i want to ask you about. that is the elephant in the room. we have reduced our debt is going to double in the next five years, a triple in the next 10 years. it is fueled by historic deficits. i heard this morning on television that we have many cases across the united states and children and adults that are walking out on thin ice. they walked out day after day and they get some comfort and nothing happens. the thin ice is dangers. i submit that this type of budget half is a dangerous. i would ask you -- i do not believe that our present budget passed is sustainable. my first question, it is our budget path sustainable? secondly, is there a need for the congress to come up with a concrete plan to change p that the toath? do you believe there is urgency in that? >> you asked about sustainability. you are talking of the medium term charge of a deficit that remains after the economy has returned to normal levels of activity. estimates of the sexual deficit range from 4% up
chairman bernanke, i think chairman frank mentioned the deficit in passing and the debt. that is what i want to ask you about. that is the elephant in the room. we have reduced our debt is going to double in the next five years, a triple in the next 10 years. it is fueled by historic deficits. i heard this morning on television that we have many cases across the united states and children and adults that are walking out on thin ice. they walked out day after day and they get some comfort and...
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Feb 18, 2010
02/10
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CSPAN2
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, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular. health care costs, medicare again. we are providing medicare health care benefits for seniors. that is also hugely popular. you have these tea party people out there yelling don't let the government touch medicare. they are anti-government but they want medicare. medicare is a government program. these are success stories. our health care costs are out of line in such as security has not been rising in its share of the budget and it will in the near future is baby boomers are retiring and getting benefits. in fact it actually fell a few years
, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular....
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Feb 27, 2010
02/10
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bernanke wÑiith his loose money policy. one question i like to ask, does the fed realize çóthe terribly destructive impact that you had on -- on savers and frugal people in this coaintry by reducing theirÑi interest incom to below, really, real negative interest rates while the crank ud sters that created the problem are being rewarded? >> and i understand the from us -- your from ustation and i do think that -- onsj of the issu that i have dÑiealt with is howe bring interest rates back to -- to a more long-term sustainable %uá)qr)Ñi extreme lilo, obv]iously, unsu)wtÑtainable le a.m. -- aÑind there are some disagreements, that's one thing about a commit phi liket( the on market committee where you can have differing views and do i share a different view. i think we should be -- going back to a more normal level sooner rare than later and as i said in my public speeches and i think i'máqsóot, my concern is that -- in terms of, the last time i voted iÑi dissçóented on usage of the word extended period. in a posi
bernanke wÑiith his loose money policy. one question i like to ask, does the fed realize çóthe terribly destructive impact that you had on -- on savers and frugal people in this coaintry by reducing theirÑi interest incom to below, really, real negative interest rates while the crank ud sters that created the problem are being rewarded? >> and i understand the from us -- your from ustation and i do think that -- onsj of the issu that i have dÑiealt with is howe bring interest rates...
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Feb 3, 2010
02/10
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FOXNEWS
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today, ben bernanke began his second term as chair of the u.s. federal reserve. ceremonial swearing in was held earlier in washington. glen b glenn beck returns in a moment but first, bret baier previewing "special report". >> bret: what really came out of the white house briefing over how the christmas day bomber was handled? and what is the national intelligence director saying about the process now? join me in 27 minutes for special report. now back to glenn beck. >> glenn: you know, i'm so tired of the so-called experts, because they haven't gotten on all of this. they're scoffing now at the idea that china is the next superpower. i think it's already happened. we better wake up. i trust the regular americans more than the so-called experts. your agenda is america. what is their agenda? i can't figure it out sometimes. 44% of americans now believe china is the leading economic power. what do the people know that the experts refuse to address? maybe experts don't know how to read. it just read the chinese government is cutting back on imports. i saw that and i
today, ben bernanke began his second term as chair of the u.s. federal reserve. ceremonial swearing in was held earlier in washington. glen b glenn beck returns in a moment but first, bret baier previewing "special report". >> bret: what really came out of the white house briefing over how the christmas day bomber was handled? and what is the national intelligence director saying about the process now? join me in 27 minutes for special report. now back to glenn beck. >>...
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Feb 4, 2010
02/10
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CNBC
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i think this is an object less sunday for ben bernanke and the federal reserve, that there is a very substantial penalty for early withdrawal. we're seeing china and india tighten, now europe withdrawing its liquidity facilities. the u.s. would do well to mind this lesson. if we start to syphon off some of the liquidity, there really could be hell to pay. what we're seeing, when you mention gold, the deflation trade is being put back on. the dollar is going up, gold is going down, oil is collapsing, commodities across the board have been very weak. equity markets are falling all at the same time while domestic rates drop. for anybody worried about inflation in united states, the dollar is going up, u.s. rates are going down and the u.s. on a relative basis is still the safest market in the world no matter what anybody sayless. but there is a danger if the fed doesn't heed the lessons of what's going on elsewhere in the worldtion we, too, could face some of the problems like europe, although our banks are in better shape than yours. >> which is why, rick santelli, the china trade, you
i think this is an object less sunday for ben bernanke and the federal reserve, that there is a very substantial penalty for early withdrawal. we're seeing china and india tighten, now europe withdrawing its liquidity facilities. the u.s. would do well to mind this lesson. if we start to syphon off some of the liquidity, there really could be hell to pay. what we're seeing, when you mention gold, the deflation trade is being put back on. the dollar is going up, gold is going down, oil is...
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Feb 27, 2010
02/10
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bernanke and his loose money policy. but the question i would like to ask, does the fed relies the terribly destructive impact you have had on sabrevers in this country by reducing interest rates, waliñrfraudsters in this country are being rewarded? guest: i understand your frustration and one thing we're looking at is how to bring interest rates back to a long- term sustainable level from the extremely low levels. and there are differing views. i do share a different view. i think we should go back to a more normal level sooner rather than later, as i've said in my public speeches. and i think -- you know, my concern is in terms of the last time i voted, i voted on the usage of the word "extended period" because i think the economy will continue to improve modestly. we will be ableÑiçto move back o more normal rates sooner rather than later. and i do not consider necessarily our interest to ensure the markets that rates will yield play because that has the effect that also invites and sometimes excite speculative act
bernanke and his loose money policy. but the question i would like to ask, does the fed relies the terribly destructive impact you have had on sabrevers in this country by reducing interest rates, waliñrfraudsters in this country are being rewarded? guest: i understand your frustration and one thing we're looking at is how to bring interest rates back to a long- term sustainable level from the extremely low levels. and there are differing views. i do share a different view. i think we should...
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Feb 25, 2010
02/10
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copyright national cable satellite corp. 2010] >> coming up on c-span, federal reserve chairman ben bernanke testifies on capitol hill. president obama discusses his economic policies at a meeting with the u.s. business roundtable. and toyota executives testify at a hearing about their company's recalls. on tomorrow's "washington journal," we will preview health care summit with members of congress, including michael burgess of texas, diana degette, james clyburn, and bill cassidy. james clyburn -- julie rovner as well. >> live on thursday, day-long coverage of the health care summit. live from blair house, it will also include your reactions on c-span radio and c-span.org. >> now, federal reserve chairman ben bernanke. he told congress that the federal reserve will maintain low interest rates to help preserve the economy. this is about an hour. >> chairman frank, ranking member baucus, and other members of the committee, i am pleased to present the federal reserve's semiannual monetary policy report to the congress. i will begin with outlook -- comments on the outlook of the economy and for
copyright national cable satellite corp. 2010] >> coming up on c-span, federal reserve chairman ben bernanke testifies on capitol hill. president obama discusses his economic policies at a meeting with the u.s. business roundtable. and toyota executives testify at a hearing about their company's recalls. on tomorrow's "washington journal," we will preview health care summit with members of congress, including michael burgess of texas, diana degette, james clyburn, and bill...
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Feb 5, 2010
02/10
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we have word that ben bernanke is set to testify. >> i'm sue herera. there are some bright spots. travelers, at&t, walmart and dupont are among the dow's 30 winners. >> ppl beat the street. the ceo will join us first on cnbc. tyson foods smashing analysts' estimates. ate na pushing higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at 1130, the stock market droops here. the second time in a row. guys in europe are getting concerned. they want to lighten up. second thing that happened that's important here, is dollarle rallied at the exact same moment we had yesterday. of course, what happens when that happens? it puts pressure on commodities and puts pressure on commodity stocks. all the big names in energy and the material groups on the weak side. and sharon, we saw a heck of a lot of contracts traded in oil in the last hour and a half. >> that's right. over 400,000 contracts traded today, bob, and this is the second straight day of massive contract
we have word that ben bernanke is set to testify. >> i'm sue herera. there are some bright spots. travelers, at&t, walmart and dupont are among the dow's 30 winners. >> ppl beat the street. the ceo will join us first on cnbc. tyson foods smashing analysts' estimates. ate na pushing higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at...
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Feb 28, 2010
02/10
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. >> thank you and welcome chairman bernanke. Ñi i'm interested in the suggestion made recently about curtailing some of the investment banking risks they are taking. he brings up an important subject and touches on it. it's bigger than what he has addressed. when we repealed against ñrthis i also believe there's been a moral has order caused by a fra decision of a line of credit given to freddie mac. the concept still persists that it is too big to fail. nobody is going to walk away. there's this dpar untea that the government will be there to bail out anybody that looks like is going to shake it up. it doesn't matter the bad debt and burden on the american taxpayer. it is still there. creating a tremendous moral hazard. the real problem over the decades has been the perception put into the markets pretending there is a saveings ore actually capital out there. this is the moral hazard because they believe something that is not true. we see the disintegration of the system we have already created. we have already been in a fina
. >> thank you and welcome chairman bernanke. Ñi i'm interested in the suggestion made recently about curtailing some of the investment banking risks they are taking. he brings up an important subject and touches on it. it's bigger than what he has addressed. when we repealed against ñrthis i also believe there's been a moral has order caused by a fra decision of a line of credit given to freddie mac. the concept still persists that it is too big to fail. nobody is going to walk away....
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Feb 11, 2010
02/10
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bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our fifth symposium and they seem to get better every year, if that is indeed possible. thank you all for making this such a productive in event. all right, we will begin with our question and answer is, and because there are more of you then of view, we're going to start on this side. >> this is a question for mr. kantor. and cultural prophets redeem themselves with accurate insights? >> i am not sure that i understand the question. >> you are talking about cultural prophesied and you believe that they cannot predict accurately. bu
bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our...
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Feb 26, 2010
02/10
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ben bernanke, by the esteemed mr. representative ron paul, who wants to audit the fed -- something you will be humanly go against, which we can understand. you are a bank. if you go into a bank and audit and find things that do not add up, you try to fix it. host: we got the point. ron paul, etc.. guest: i get these questions often. it is interesting, the misinformation that comes forward from this kind of a call. let me explain first of all -- representative paulñr has every right to his views. he calls it "the fed, but it is really and the fed -- he calls it autit the fed, but it is really end the fed. the fed is audited by the government accounting office, or the government accountability office. it is audited by a major auditing firm. it is audited by the treasury. our bank is examined by the board of governors. so there is an enormous amount of auditing that goes on within the federal reserve. exceptions are found, we are held accountable for that and we correct them. in terms of allegations against the chairman
ben bernanke, by the esteemed mr. representative ron paul, who wants to audit the fed -- something you will be humanly go against, which we can understand. you are a bank. if you go into a bank and audit and find things that do not add up, you try to fix it. host: we got the point. ron paul, etc.. guest: i get these questions often. it is interesting, the misinformation that comes forward from this kind of a call. let me explain first of all -- representative paulñr has every right to his...
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Feb 11, 2010
02/10
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CSPAN2
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on the currency's i would only say that, ay that, as you know,n bernanke and tim geithner are saying in the interest of the united states. the other major currencies. i say myself i fully agree it is in the interest of the united states. i would also say that it corresponds to the overall superior interests of the group the so what this say. i would also said that as a major floating currencies we have members of other currencies that could themselves have a progressive and orderly and timely appreciation. that is the way i see the running of the present situation. we could imagine other solutions, of course. they said to have a floating major currencies. >> other questions? yes, sir. in the front row. >> every country has its own problems and its own solutions. how do you see? what would be the challenge is to iraq ? thank you. >> peter. >> well, it is a good point. i wish i was more confident that it would succeed. it is very important to succeed. it is very important we continue to progress, but i am not expecting is to suddenly become easy. even the process of trying to make it h
on the currency's i would only say that, ay that, as you know,n bernanke and tim geithner are saying in the interest of the united states. the other major currencies. i say myself i fully agree it is in the interest of the united states. i would also say that it corresponds to the overall superior interests of the group the so what this say. i would also said that as a major floating currencies we have members of other currencies that could themselves have a progressive and orderly and timely...
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Feb 5, 2010
02/10
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>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an expensive area, i know that. i don't know. it's over there. >> reporter: over there? >> across the way. >> say it slowly. united arab emirates. >> reporter: how much is $1,000 worth of gold worth? >> $1,000 worth of gold? $1,000. >> reporter: $1,000 worth of gold is probably worth $1,000, right? >> no, more than that. >> reporter: $1,000 of gold is worth more than $1,000 of gold? >> gold is up right now. >> reporter: what is the interest rate in the country right now, what%? >> 50. >> 38. >> 38. >> 38. >> reporter: lower. >> 28. >> reporter: lower. >> 18? 8? >> reporter: higher. >> 11. >> reporter: lower. >> 10. >> reporter: yes. >> wow. what everybo
>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an...
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Feb 17, 2010
02/10
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CSPAN
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bernanke does not want to step up and -- i think mr. bernanke, unfortunately, does not want to step up and take responsibility. i think the administration put a good deal of capital to work to make sure that he stayed on as chairman of the fed. but honestly, it would require presidential leadership at this point. we see encouraging signs, but also discouraging signs. the president said nice things about big bankers and their compensation just last week. you have to ask the white house where we are on this issue. host: simon johnson is the author of an upcoming book, "13 bankers." when will this come out? guest: when wilthe end of march. i do not think this problem is going to go away anytime soon. host: wyoming, republican line. caller: i would just like to say a few things and please do not cut us off because we do not get a chance to get in as many times as the democrats and the independent line. i'm a conservative woman of color. i notice every time on c-span and i get to be disappointed. and i will get to my question. i notice a tal
bernanke does not want to step up and -- i think mr. bernanke, unfortunately, does not want to step up and take responsibility. i think the administration put a good deal of capital to work to make sure that he stayed on as chairman of the fed. but honestly, it would require presidential leadership at this point. we see encouraging signs, but also discouraging signs. the president said nice things about big bankers and their compensation just last week. you have to ask the white house where we...
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Feb 27, 2010
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bernanke said we will have time with -- we will have trouble with credit card loans, people paying mortgages. they do not have their jobs. commercial real estate is a market he has emphasized over the past months. this will, of course, create different problems for some of the financial institutions and other business models. we will see some institutions do very well overall and some struggle with bad losses. i had an opportunity to listen to my friend pascal. as he said, so far we have dodged the bullet of a strong protectionist response. but we have to be alert that anytime you have continuing unemployment one has to be careful about protectionism. political leaders will feel the pressure to do something. that is always a tempting tool. another issue we are watching is the fact that a number of the stimulus programs ran their full force through the later part of last year and the middle part of 2010. there is a question of a hand off to a private sector recovery. i tried to watch this closely and to reach out to others. we saw some signs of inventory recovery. we saw some business investm
bernanke said we will have time with -- we will have trouble with credit card loans, people paying mortgages. they do not have their jobs. commercial real estate is a market he has emphasized over the past months. this will, of course, create different problems for some of the financial institutions and other business models. we will see some institutions do very well overall and some struggle with bad losses. i had an opportunity to listen to my friend pascal. as he said, so far we have dodged...
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Feb 10, 2010
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chairman bernanke is outlying the plan on the stimulus money. the associate press said the fed will start tightening the credit on banks on money they leave at central bank. they will have to pay more for borrow. the federal government has been closed for last thread's. congress and house won't be back in session until february 22. the senate will be in for speeches tomorrow. the senate is in tomorrow at 2:30 with live coverage on c-span2. >> former senator charles mathias died at age of 87. he served from 1969 to 1987 after four terms in the u.s. house. among those remembering him was his former senate colleague, vice president biden. this portion of the funeral service is an hour. [silence] [silence] >> mr. vice president, distinguished guest, friends and family, thank you for being with us today. we are hear to celebrate the life of a great man. the public story has been well told. statesman, the conscience of the senate, protector of the chesapeake, steward of the cno canal, friend of nation, fierce advocate for the equal rights of all men a
chairman bernanke is outlying the plan on the stimulus money. the associate press said the fed will start tightening the credit on banks on money they leave at central bank. they will have to pay more for borrow. the federal government has been closed for last thread's. congress and house won't be back in session until february 22. the senate will be in for speeches tomorrow. the senate is in tomorrow at 2:30 with live coverage on c-span2. >> former senator charles mathias died at age of...
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Feb 11, 2010
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on the currencies, i would only say that, as you know, ben bernanke and tim geithner are saying a strong dollar is in the interests of the united states, in relation to the other major floating currencies. i say myself, on my part, i fully agree. a strong dollar is in the interests of the united states. i would also say that it corresponds to the overall superiority interest of the global economy as a whole, and certainly of the interest of europe. i echo what they say. i would also say that, as major floating currencies, we have the sentiment that a number of other currencies that are not floating could themselves have a progressive and orderly and timely appreciation. that is the way i see the running of the present situation. in the very long run, we could imagine other solutions, but at the present moment we are running a set of free floating major currencies, and there you have the terms of reference that we agree upon. >> another question? yes, sir. in the front row. >> while every country has its own problems and is thinking of its own solution, how do you see the doha round will
on the currencies, i would only say that, as you know, ben bernanke and tim geithner are saying a strong dollar is in the interests of the united states, in relation to the other major floating currencies. i say myself, on my part, i fully agree. a strong dollar is in the interests of the united states. i would also say that it corresponds to the overall superiority interest of the global economy as a whole, and certainly of the interest of europe. i echo what they say. i would also say that,...
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Feb 17, 2010
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now we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15, then what we have is on september 23 the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion, they've got a 2 1/2-page bill, they don't know what they're going to do with the money, but if you don't give it to them then the world is going to end. now that makes you a little currentble if you're deciding what you're going to do with your investments. not only that, but the next day the president of the united states comes on national television and says the following, speak to the american people, just to get them, you know, calm down a little bit, he says, financial assets related to home mortgages have lost value during the housing decline and the banks holding these assets are are restricted credit. as a result our entire economy is in danger. so i propose that the federal government reduce the risk posed by these troubled assets and supply urgently needed
now we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15, then what we have is on september 23 the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion, they've got a 2 1/2-page bill, they don't know what they're going to do with the money, but if you don't give it to them then the world is going to end. now that makes...
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Feb 5, 2010
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according to chairman bernanke of the federal reserve, ben own proprietary trading for commercial banks may not be constructive. dr. summers, chief economic advisor in the current administration in the past has been a vocal proponent removing glass-steagall restraints. is there something in this obama administration and among the regulators concerning the volcker rule and restricting size and if so, what process -- what was expressed there? >> thank you, senator shelby. that's obviously a very important question. the proposals that the president articulated with respect to size and scope two weeks ago were ones that were based on a consensus recommendation of all of his economic team. so -- and i think you've heard secretary geithner and director summers speak to that quite directly. i think with respect to the regulators they are, of course, independent and i feel slightly less comfortable expressing their views. but i do think that in the main they are also supportive of this and we will work with them and obviously with this committee to try to move these ideas forward as an importan
according to chairman bernanke of the federal reserve, ben own proprietary trading for commercial banks may not be constructive. dr. summers, chief economic advisor in the current administration in the past has been a vocal proponent removing glass-steagall restraints. is there something in this obama administration and among the regulators concerning the volcker rule and restricting size and if so, what process -- what was expressed there? >> thank you, senator shelby. that's obviously a...
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Feb 2, 2010
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i said --ç and i remembered s@iing this to bernanke -- i believe for theç denning wall . you guys and your friends and wall street caused the problem. even if you think the ballot as necessary, i tell you what to do. go back to the richest and saying we are putting a surtax on millionaires and billionaires to pay for the bailout. that was my view. xd and iç think what michael is talking about, there was huge frustration and anger in this countryq that government has worked to protect the interest of wall street whileç ignoring- çkow3michael talkingi] about tt that he is a father tried to send kids through college. we are putting more money into programs but we have a lot more to do. i think what people are saying and crying out for, what about us. we are working 50 or 60ç hoursa week, start worrying about us and not just the big money interests. i (jjtjr host: senator bernie sanders, thank you for coming on "washington journal." we will take a short break and will become that the discussion regarding the economy and the latinoç community but the president of la
i said --ç and i remembered s@iing this to bernanke -- i believe for theç denning wall . you guys and your friends and wall street caused the problem. even if you think the ballot as necessary, i tell you what to do. go back to the richest and saying we are putting a surtax on millionaires and billionaires to pay for the bailout. that was my view. xd and iç think what michael is talking about, there was huge frustration and anger in this countryq that government has worked to protect the...
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Feb 24, 2010
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ben bernanke, the chairman for the federal reserve goes to capitol hill this morning. lawmakers will question him on what he can or will the to ease the jobs crisis and make sure the economic crisis -- economic recovery lasts. you can hear the first hour on c-span radio. there is a new study showing hispanics at high-level staff positions in capitol hill are almost nonexistent. this is in spite of the fact that they make up nearly 1/6 of the u.s. population. a of a hundred senate chief of staff, only one is hispanic. there is no hispanic legislative directives -- directors and only one hispanic staff director. hispanics only hold 12 of the roughly for a 40 chief of staff jobs and only nine legislative director slots. -- 140 chief of staff jobs and only nine legislative director slots. some say that is an outrage. the european union wants to halt all executions by 2015 as a step towards abolishing the death penalty. the prime minister did not know how the eu would persuade countries like the united states, china, and i went to change their laws. he was to set up an inte
ben bernanke, the chairman for the federal reserve goes to capitol hill this morning. lawmakers will question him on what he can or will the to ease the jobs crisis and make sure the economic crisis -- economic recovery lasts. you can hear the first hour on c-span radio. there is a new study showing hispanics at high-level staff positions in capitol hill are almost nonexistent. this is in spite of the fact that they make up nearly 1/6 of the u.s. population. a of a hundred senate chief of...
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Feb 27, 2010
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bernanke looks closer to getting his way after what has been a fraught few months. calls the fed to -- host: chat mooga, tennessee, next on our republican line. laurie. caller: hi. i want to comment about the bipartisanship that i see a great deal of in washington and that seems to be that everybody is in agreement 100% on sucking up to their, to the people that spend the money on them, to get them voted in the office and everybody seems to be completely bipartisan on the fact that they're up there to look after their own skin and not the american people. and as far as trying to agree with somebody on the other side of the aisle just for the sake of being called bipartisan, where's your conviction? it doesn't matter whether you're republican or democrat, independent or whatever. if you've got conviction, stick with them. do what's right for america. not what's right for your party. not what's right for the people who paid to get you in office. and that's about all i have to say. host: orange county, creativity. kalee on our democrats line. caller: i'm a democrat who
bernanke looks closer to getting his way after what has been a fraught few months. calls the fed to -- host: chat mooga, tennessee, next on our republican line. laurie. caller: hi. i want to comment about the bipartisanship that i see a great deal of in washington and that seems to be that everybody is in agreement 100% on sucking up to their, to the people that spend the money on them, to get them voted in the office and everybody seems to be completely bipartisan on the fact that they're up...